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29.4 billion yuan invested in Jingzhou coal-to-gas project – official agreement reached. Author/Source: Coal Chemical Industry Information Network. Date: June 11, 2020. Clicks: 3. On the afternoon of June 3, the State-owned Assets Supervision and Administration Commission of the State Council and the Hubei Provincial Party Committee held a video conference to discuss how central state-owned enterprises could help Hubei recover from the pandemic. 34 such enterprises signed 72 projects with Hubei, with a total investment of 327.725 billion yuan; these projects cover areas such as new energy, environmental protection, intelligent manufacturing, information technology, healthcare, integration of industry and urban development, and infrastructure construction. Among the projects under contract, 48 have an investment amount of over 1 billion yuan, accounting for 67.61%, of which 9 projects have an investment amount of over 10 billion yuan. Among them, Three Gorges Group signed 11 major cooperation projects with Hubei this time. These involve two large-scale new energy projects: the Jingzhou coal-to-gas project of China Three Gorges Corporation (with an investment of 29.4 billion yuan) and the Yangtze River smart distributed energy investment project of the same company (with an investment of 10 billion yuan). The total investment in the coal-to-gas project carried out by China Three Gorges Corporation in Jingzhou is 29.4 billion yuan. The project is initially located in the Jingling Green Energy and Chemical Industry Park in Jingzhou; it involves processing coal to produce \"artificial\" natural gas, with the gas delivery pipelines able to be shared with existing natural gas pipelines. The three major shareholders of this project are Hubei Energy, together with Three Gorges Group and Shaanxi Coal Group. It is reported that the coal used as raw material for this project mainly comes from the Yulin area in northern Shaanxi, which is located along the Menghua coal transportation corridor, with an annual coal demand of around 12.7 million tons.